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Jun 16, 2013
06/13
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think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. consumers would save hundreds of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for fracking so we can protect it and keep sustained rather than trying to create rules around it that would make it impossible for to be fully exploited to the benefit of job creation in our country. we should open up federal lands and waters. it should dramatically increase for our country's economic security. we need to the energy secure as fast as possible. we should great short-term incentives for natural gas and transportation for freight and trucking. 3 million barrels per day of oil and diesel is used. if the cut that in half, 1.5 million barriers of oil around the world that could come from america. we should create a com
think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. consumers would save hundreds of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for fracking so we can protect it and keep sustained rather than...
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Jun 18, 2013
06/13
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KNTV
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. >>> the british economy is about to get a $400 million boost thanks to none other than will and kate's special delivery. royal baby sleepwear, booties and so much more will be big biz for the royal family and retailers. >>> and check out this $3,000 watermelon. boy, i sure hope it's worth it. these black skinned melons grown only in japan's northern island of hokido are dense and sweeter than regular watermelons. >>> three sport radios hosts have been fired for going over the line. you got to hear about this one. >>> and former nba star allen iverson is accused of abducting his five children. >>> plus, will brad pitt's world war z be a blockbuster or a bust? next. >>> all right. time to get the latest in sports now. game three of the stanley cup finals, bruins daniel paille rips a shot past goaltender corey crawford for a 1-0 lead. now ten minutes later patrice bergeron is left open on the back post for an easy power play goal making it 2-0, bruins. the bruins hold on to win, giving them a 2-1 series lead. >>> here is a bizarre story involving former nba star allen iverson. tmz reporte
. >>> the british economy is about to get a $400 million boost thanks to none other than will and kate's special delivery. royal baby sleepwear, booties and so much more will be big biz for the royal family and retailers. >>> and check out this $3,000 watermelon. boy, i sure hope it's worth it. these black skinned melons grown only in japan's northern island of hokido are dense and sweeter than regular watermelons. >>> three sport radios hosts have been fired for...
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Jun 15, 2013
06/13
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FBC
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these can only adversely affect the economy and h supply of credit. lou: whatis low volume this week? you interpret the reas for that forhe pcoming meeting and all of the query that wenow can presume and o other factor? like it is being held in thi area. >> perhaps it is not abad idea that to the sideline and have someone take a chance. lou: o of my favorite gurus out tre right now --they ce upith more noense. they are pushing a 30 year bull marketin bonds straight in to what they are trying to lift it with all forces, talking about a 60% chanceof a recession in the next three to five years. what is going on in the minds of these folks. what are tpushing? i know that they are pushing this a bit. but what in the world is going on with the business that they are even paying atntion this? >> there is a 60% chance of a reion. in three to five years, we are going to forget about hs. >> this is all that is going on. other people are talkingbout the forhcomg 10 year treasury bond, which thi is unlike anytime soo. lou: are the edge funds managers getng dumber
these can only adversely affect the economy and h supply of credit. lou: whatis low volume this week? you interpret the reas for that forhe pcoming meeting and all of the query that wenow can presume and o other factor? like it is being held in thi area. >> perhaps it is not abad idea that to the sideline and have someone take a chance. lou: o of my favorite gurus out tre right now --they ce upith more noense. they are pushing a 30 year bull marketin bonds straight in to what they are...
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Jun 21, 2013
06/13
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FOXNEWSW
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 16, 2013
06/13
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FBC
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we have essentially a fascist economy in which big-- i mean jonathan is promoting oh, you've go to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and lien, verizondidn't do this on their own. the government leases that line. they provided the financing to verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control6 of the banking. everybody is too big. and that's what's wrong. we have essentially a fascist econonomy. >> go ahd, jonathan. >> verizon's done nothing. you're all dumping verizon. they've done absutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has donenothing. as far i understand -- >> this blows my mind. this is so not jonathan. what did yo
we have essentially a fascist economy in which big-- i mean jonathan is promoting oh, you've go to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and lien, verizondidn't do this on their own. the government leases that line. they provided the financing to verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control6 of the banking. everybody is too big....
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Jun 15, 2013
06/13
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FOXNEWSW
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we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has done nothing. as far as i understand -- >> this blows my mind. this is so not jonathan. what did you have in your cheerios this morning, jonathan? this is so not you! come on, now! this is snooping. this is the kind of stuff that people like you are supposed to hate. if you want to gather intelligence, tell me. eric is right. i should have signed on the dotted line that said hey, you'll be protected. we've got this cable going from new jersey to virginia. >> let me read this to you. i've got to do this. i carry this in my pocket every single day. it's not a prop. it's the u.s. constitution, f
we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan...
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Jun 18, 2013
06/13
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CNBC
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broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging markets? >> i think we're looking at short-term patterns here. the belief is when we look at asia-pacific, some of the developing economies, they will probably be back on top in the near term. particularly asia-pacific, which we think will have the fastest growth rate to 2015 where we think world wealth will be -- find net worth over 55 trillion. think about the volatility in the marks. in 2010, 2011, and think about what the u.s. markets did and, quite frankly, u.s. real estate. so it's really not a surprise. we flip-flopped a little bit in 2012 w
broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging...
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Jun 22, 2013
06/13
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CNNW
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economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's childish, it's all those things. but here's the reason. because investors have gone for exotic emerging markets with very narrow exits. of course, when things start to change, they all head for the door at the same time. you're absolutely right. the mere fact that he will be taking his foot off the gas is because the car is going fast enough on its own. so you have to put it into context. do i think we should be concerned? the hiccup, bucolic plague of the last week. absolutely not. the market knew it was coming and they're just having a nasty bout of indigestioindiges
economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's...
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Jun 23, 2013
06/13
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CSPAN
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to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either. how can any of us stay on top with groups that nearly cap 12 million americans out of work and threaten our children's future? we should be doing much better. we are not a people who hobble along hoping some day some where down the line things are going to get better. we are a people who chart our own course, who take matters into our own hands. that is why i'm here today. people in this room represent so much of our nations economic success, and our potential for the future. manufacturing represents where things a
to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either....
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Jun 17, 2013
06/13
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CNBC
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it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we talk about turkey or brazil, you've got two governments you thought were doing really well just having the worst week of their careers. a lot of uncertainty across the merging market much more than in the united states or japan or even europe structurally in the last five years. and at the global level, the lack of leadership we continue to see, if anything, it's becoming more obvious, more in evidence at the g-8 right now, making it incredibly difficult to either have agreements on things like syria and the middle east which continues to become much more explosive along sectarian lines, o
it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we...
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Jun 22, 2013
06/13
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CSPAN
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to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet medications companies, which is partly why you are hearing so much about why they are trying to, in their eyes, protect user privacy. you know, the director talked about this in his testimony from a different point of view. he said the disclosure will drive people away on the u.s. services and that is a damaging thing. i would say that is a damaging thing, but it is the existence of the services and the lack of transparency and oversight that is going to drive people away. we know people have choices out there. this will embolden the competitors, the services that are abroad, it will drive people especially
to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet...
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Jun 19, 2013
06/13
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KNTV
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proponents say it will help the economy as minimum wake workers will have more money to spend. earlier this year in san francisco they raised their minimum wage. >>> have you heard about it? a way to raise money online, often for a particular project to a lot of little donations. >> one turned to crowd funding to help improve their building and ended up with not just money but some surprising attention. garvin thomas has their story tonight. >> reporter: for all the great work that they have done for the past four decades, they do keep a relatively low profile. a lot of that comes for the personal of their director michelle clark. she says she's more steak than sizzle. in tonight's bay area crowd she gets credit for both. >> so you need to know i do this all the time. ask michelle clark how one gets to washington, d.c. and she'll take you up on the roof. sha being the best place, of course, to put solar panels. in this case the panels that power the building, that houses the youth employment partnership at the corner of 23rd and international boulevard in oakland. the nonprofit
proponents say it will help the economy as minimum wake workers will have more money to spend. earlier this year in san francisco they raised their minimum wage. >>> have you heard about it? a way to raise money online, often for a particular project to a lot of little donations. >> one turned to crowd funding to help improve their building and ended up with not just money but some surprising attention. garvin thomas has their story tonight. >> reporter: for all the great...
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Jun 15, 2013
06/13
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CNNW
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economy? >> i don't know. i would be a little bit more careful than keith and say let's move all the policy and remove ben bernanke's presence in the economy. the fed has done an extremely important role in the past several years of lessening the impact of this recession. it was a real meltdown we were experiencing in '08. what we are seeing now is an economy that's still heelialing from this deep recession. the housing market is looking better, auto production sales are picking up. some of the most cyclical parts of the economy are showing strength. i think we are on the beginning, in the beginning stages of that. what would worry me is that if you take away this fed policy too easily and create a big spike in interest rates, costs go up. two of the sectors that are performing the best, housing and auto, could start to suffer. i think you have to be very careful when you are this i go about policy prescriptions for the economy. >> what you are both illustrating to me was the word of the week, taper. it is no
economy? >> i don't know. i would be a little bit more careful than keith and say let's move all the policy and remove ben bernanke's presence in the economy. the fed has done an extremely important role in the past several years of lessening the impact of this recession. it was a real meltdown we were experiencing in '08. what we are seeing now is an economy that's still heelialing from this deep recession. the housing market is looking better, auto production sales are picking up. some...
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Jun 18, 2013
06/13
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KGO
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to figure out whether the fed will cut back on some of the incentives that have helped stimulate the economy. last month chairman ben bernanke said that the fed might start dialing back on bond buying. investors will be hoping to hear when this might happen and what effect it could have on rates. >>> major airlines have improved their customer satisfaction ratings for the second year in a row. and just like last year, jetblue came out on top followed by southwest. even with the improvements, though, airlines still are low rated when compared to other industries. air carriers are at the bottom along with cable tv and internet providers. >>> we're expecting to learn more today about why chrysler is refusing to recall nearly 3 million jeeps over safety concerns. until now the company provided only a three-page paper explaining the refusal but today is the deadline fora more comprehensive response. government experts claim the rear mounted fuel tanks on the suvs can cause deadly fires in a collision. >>> and ford is going back to the basics, at least when it comes to the car radio. after years o
to figure out whether the fed will cut back on some of the incentives that have helped stimulate the economy. last month chairman ben bernanke said that the fed might start dialing back on bond buying. investors will be hoping to hear when this might happen and what effect it could have on rates. >>> major airlines have improved their customer satisfaction ratings for the second year in a row. and just like last year, jetblue came out on top followed by southwest. even with the...
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Jun 19, 2013
06/13
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CSPAN2
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. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that the cfpb should be subject to ensure greater accountability for the agency. this is despite the fact that congress has consistently provided for independent funding for other bank regulators. in your own personal view, can you tell me how likely you could explain why congress gave all the bank regulators independent funding, and to what extent is it important for a regulator with responsibility for examining large institutions with stable and consistent funding. >> congressman, i think that your last point is the point that having that stable funding allows us to focus
. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that...
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Jun 15, 2013
06/13
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FOXNEWSW
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economy. >> i do. you know, i think we have lost a lot of the privacy around purchasing data already. and people are comfortable with that. you know, you buy something on the internet. jonas buys a dog toy on the internet, and then all of a sudden he's saying ads for kibbles pop up. that's because they're coming through your purchasing data and they're suggesting ads to you. we've already gotten comfortable with some level of losing that privacy there. when you think about encryption, i think there could be a really strong boom in the crytion services. there are a lot of companies already starting to do this. this is what american ingenuity looks like. we see a problem, we find a way to fix it. >> john, do you think this will impact the economy for the good or bad? >> i don't think it's going to be negligible either way. facebook had a lot of problem with beacon. that was sharing users' data with advertisers so they could target certain users. that really hurt them for a time being. they got o
economy. >> i do. you know, i think we have lost a lot of the privacy around purchasing data already. and people are comfortable with that. you know, you buy something on the internet. jonas buys a dog toy on the internet, and then all of a sudden he's saying ads for kibbles pop up. that's because they're coming through your purchasing data and they're suggesting ads to you. we've already gotten comfortable with some level of losing that privacy there. when you think about encryption, i...
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Jun 23, 2013
06/13
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KQED
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does this mean that the economy is improving? >> the reason for the panic is that there are people who believe that the economy is not getting strong at the rate that bernanke it does and the whole thing is a house of cards that could collapse. and do not know which analogy to use. he has been pumping in the heroin, if you like, at a pretty high pace. he did not say cold turkey. he said next year for six months i might begin a slight tapering, and everybody goes crazy. what has happened to my dealer? >> good news, bad news, or don't we know? >> i don't know. i am sure there is somebody who knows somewhere, but the very folks who pray and genuflect before the free market are saying wait a minute, i have to get my fix. ben bernanke is returning to a belief and the confidence that the united states economy can thrive without this -- whatever you want to call it, illicit drug, a stimulant, wild turkey switching to chamblis. i do not know what stimulant they are looking for. >> i for one am grateful for the fact that bernanke has been
does this mean that the economy is improving? >> the reason for the panic is that there are people who believe that the economy is not getting strong at the rate that bernanke it does and the whole thing is a house of cards that could collapse. and do not know which analogy to use. he has been pumping in the heroin, if you like, at a pretty high pace. he did not say cold turkey. he said next year for six months i might begin a slight tapering, and everybody goes crazy. what has happened...
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Jun 23, 2013
06/13
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CSPAN2
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eye 82
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actually, it is what i call power market economy. [speaking chinese] >> translator: power, the power. those who are in power controls the market. [speaking chinese] >> translator: and those who are in power is directly involved in buying and selling of the group's. [speaking chinese] >> translator: a lot of money, it changes hands. [speaking chinese] >> translator: every county government is a company. [speaking chinese] >> translator: every provincial government is an enterprise, huge enterprise. so that's why they are increasing the scalat's why thee increasing the scale. [speaking chinese] >> translator: and the government can get cheap loans from the banks, and chinese don't have social security. very low welfare. so the chinese, they keep putting money int in the bank. they keep increasing their savings. and the government can use the people's savings. we're talking about thousands of yen, peoples savings and the government uses it at its own free will. [speaking chinese] >> translator: for example, the ministry of rail, railway
actually, it is what i call power market economy. [speaking chinese] >> translator: power, the power. those who are in power controls the market. [speaking chinese] >> translator: and those who are in power is directly involved in buying and selling of the group's. [speaking chinese] >> translator: a lot of money, it changes hands. [speaking chinese] >> translator: every county government is a company. [speaking chinese] >> translator: every provincial government...
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82
Jun 20, 2013
06/13
by
CNBC
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eye 82
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he is projecting the economy will get better, and we would agree. but now i think people are worried about the removal of the monetary stimulus, and they just don't have confidence yet in the economy. >> remember when we were hitting those new highs on almost a daily basis? everybody said, we need that pull-back to give people who haven't gotten gu tinto the mara chance to get into the mark. >> there's two things. there's sentiment on the fixed income markets. the fixed income markets have been overshooting. we have fixed income type of index and it has reached almost panic level at this point. generally when we see these panic levels in the fixed income market, three to six months later, we tend to see better returns with fixed income, so the bottom market is overdoing it in terms of the upside on yields. it doesn't mean they can't go a little bit further from here, but it feels like it's getting somewhat overdone at this point. >> jim, if you're not the rangeer, you're the big ranger here, so why do you have a range from 15-something to 17-somethi
he is projecting the economy will get better, and we would agree. but now i think people are worried about the removal of the monetary stimulus, and they just don't have confidence yet in the economy. >> remember when we were hitting those new highs on almost a daily basis? everybody said, we need that pull-back to give people who haven't gotten gu tinto the mara chance to get into the mark. >> there's two things. there's sentiment on the fixed income markets. the fixed income...
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123
Jun 22, 2013
06/13
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CSPAN
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 22, 2013
06/13
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CSPAN
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the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most economists -- ic issuebated economy among economists. you can imagine what site i am on. i am not in favor of tax hikes because it kills the timing. christina romer said that is true. the endgame said -- the end game is not going to be pretty. host: an editorial cartoon shows fed chairman ben bernanke pulling the rug on quantitative easing.stephen idaho falls, idaho. falls, idaho.aho good morning. caller: good morning. i was wondering if printing dollars is a flat tax that president obama and his administration could not possibly pass otherw
the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most...
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Jun 22, 2013
06/13
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it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor, the attorney general, comptroller's office, if you have a problem it will say let's work it out and try to help you succeed rather as in new york, attorney general's, job who seems to be hire and sue -- hammer and sue businesses. it is a completely different environment. it is not saying that they don't have regulation in texas. we have to comply but not an adversarial relationship as it is in the blue states. >> jerry brown, governor of california, seemed to resent this. took the perry -- they had a paid public kind of flap about it. new york governor c
it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor,...
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Jun 15, 2013
06/13
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KQED
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they can look at how the economy is growing and try to build, build, build ahead to satisfy demand ahead. >> reporter: a reminder in this state, if you build it, you can force them to come. for nightly business report. >> coming up, if you were watching yesterday and i know i was, you saw george lucas and steven spielberg say one day you'll be paying a whole lot more to see a movie. guess what? that day has come. but first, top commodities, treasuries physical therapied today. -- faired today. >>> the up scale sport, won over millions of women with the high price yoga gear plans to open up stores just for men. it may be known for the costly recall of see through women's yoga pants so the big question will men dare to buy lulu's wear. >> it doesn't seem manly to me. >> in the unisex store i probably could meet more women. >> the embarrassing recall, today the company posted a rather add for a new chief executive. candidates for the quote head boss person will often need to concomplicate, hold a head stance for ten minutes and bring yoga to mars within five years. later the companyish shup
they can look at how the economy is growing and try to build, build, build ahead to satisfy demand ahead. >> reporter: a reminder in this state, if you build it, you can force them to come. for nightly business report. >> coming up, if you were watching yesterday and i know i was, you saw george lucas and steven spielberg say one day you'll be paying a whole lot more to see a movie. guess what? that day has come. but first, top commodities, treasuries physical therapied today. --...
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Jun 21, 2013
06/13
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CSPAN
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this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of us forget history. the way i view things is since world war two there has been this big exhalation of government programs. -- escalation of government programs. over decades they have made these promises and it is starting to encroach in the private sector. the private sector is what creates jobs, not the government. think that as an important concept here. it is kind of a big escalation in government and it is starting to infringe on the private sector. host: if you are listening on c- span radio, coast-to-coast on x m at channel -- on
this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of...
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Jun 20, 2013
06/13
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how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to which nothing is happening. it is just not credible with the in central of assets been spelling seats -- central bank balance sheets. there is very little of that spilling over into the marketplace. , mone
how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 20, 2013
06/13
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FOXNEWSW
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the economy is anemic. he spends his time talking about global warming and things that are not consequential to americans. this guy is just simply doesn't think we have a budget problem coming. he doesn't think we have an entitlement bust coming. he thinks everything is fine. let's find more tax revenues and more money to spend. those are -- this is very dangerous territory. you're starting to get up there with 64% in the nose bleed territory when it comes to a negative. i think we're likely to see unless the president finds a way to set the record straight on things like the nsa, and benghazi and the irs scandal, i think that we're going see a continued d e ed dimunition of numbers. people are beginning to open their eyes as to how is he handling, take these fun and games away, take all the enthusiasm and charm and celebrity, how is he doing on big issues like the economy, foreign affairs and the deficit. those numbers are not good. >> sean: do you see a path to righting that ship? >> well, i think he's go
the economy is anemic. he spends his time talking about global warming and things that are not consequential to americans. this guy is just simply doesn't think we have a budget problem coming. he doesn't think we have an entitlement bust coming. he thinks everything is fine. let's find more tax revenues and more money to spend. those are -- this is very dangerous territory. you're starting to get up there with 64% in the nose bleed territory when it comes to a negative. i think we're likely to...
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Jun 22, 2013
06/13
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russia used to have a much larger and the soviet union before the economies collapse had a larger intelligence system but then they fell on hard times after the collapse of communism. they are on their way back but they are still a shadow of their former self. does that answer the question? >> i don't mean to be disrespectful by asking this but nevertheless what does your book do different from the multivolume of dr. johnson in his years in executive summary of his? i don't mean to sound disrespectful. it's been a common note disrespect taken. actually, i am almost tempted to drag, pierre and let him give his side of the story but what i tried to do -- tom's multivolume history is wonderful except that there is still huge chunks of it they remain classified. a i tried to fill in some of the blanks and in some cases with some success, and others not. i tried to add material that was not contained in tom's multivolume history because with all due respect to my friend back there, there were many other things written on specific operations and specific aspects of the agency and i tried to bring th
russia used to have a much larger and the soviet union before the economies collapse had a larger intelligence system but then they fell on hard times after the collapse of communism. they are on their way back but they are still a shadow of their former self. does that answer the question? >> i don't mean to be disrespectful by asking this but nevertheless what does your book do different from the multivolume of dr. johnson in his years in executive summary of his? i don't mean to sound...
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Jun 19, 2013
06/13
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CNNW
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is this a sign of a fragile economy or is it guarded optimism? >> what's amazing is that bernanke essentially said he was going to do nothing right now and yet the markets reacted in the way they did. i think this will be a theme for the next six months. what the fed does is data driven. they are looking at unemployment figures, consumer sentiment, markets, growth figures. every time we have a new bit of data coming out and a new fed announcement. i think you are going to see very, very volatile markets. >> let's talk pocketbooks. i want to put up the new cnn/orc poll about what people's personal financial situation is compared to a year ago. 36% say they are better off. 44% say they are worse off. so in the middle of the recovery, what do you make of that? >> it is really interesting. it reflects the incredibly bifurcated nature of the economy we are in. people at the top are doing well. there are jobs for those at the bottom and americans have gotten their balance sheets in order over the last few years. the spending rate has gone up. debt is d
is this a sign of a fragile economy or is it guarded optimism? >> what's amazing is that bernanke essentially said he was going to do nothing right now and yet the markets reacted in the way they did. i think this will be a theme for the next six months. what the fed does is data driven. they are looking at unemployment figures, consumer sentiment, markets, growth figures. every time we have a new bit of data coming out and a new fed announcement. i think you are going to see very, very...
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Jun 18, 2013
06/13
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CNBC
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we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in your view? >> jackie, i think it's completely wrong to buy gold her. this show is kaulgd futures and he's still looking at the past for decisions he's making on gold. the fed has been easing for a year and a half and gold has done nothing but drop. it's all about inflation, inflation according to that cpi number, jeff is right, doesn't exist at this point. it's even detached from the dollar which has shown weakness and gold is still lower right now. so i don't think it really matters what the fed does. if they continue their qe, it won't matter to gold. it's still going lower. if they decide t
we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in...
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Jun 16, 2013
06/13
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CNN
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i am an american i'm a teacher. i'm a firefighter. i'm a carpenter. i'm an accountant. a mechanical engineer. and i shop at walmart. truth is, over sixty percent of america shops at walmart every month. i find what i need, at a great price. and the money i save goes to important things. braces for my daughter. a little something for my son's college fund. when people look at me, i hope they see someone building a better life. vo: living better: that's the real walmart. >>> he is the unconventional candidate, to say the least. republican candidate chris christie, who's in the middle of a re-election campaign, passed on a conservative gathering and instead joined former president bill clinton in a bipartisan gathering about rebuilding after superstorm sandy. >> i'd evac
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i am an american i'm a teacher. i'm a firefighter. i'm a carpenter. i'm an accountant. a mechanical engineer. and i shop at walmart. truth is, over sixty percent of america shops at walmart every month. i...
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Jun 18, 2013
06/13
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and if you look at our economy, our economy which is beginning to gain strength, the economy is beginning to get its legs under it, it, too, needs the labor market certainly that would come from immigration reform. so let's seize this opportunity, mr. president, to pass commonsense legislation that our constituents expect. mr. president, i'm looking right over the dais and on -- above the dais i see e pluribus unum. out of many, one. that's a simple motto, it's engraved in this great senate chamber, and it's one of the daily reminders that we are a nation of immigrants. throughout our history, millions of immigrants, including my ancestors and yours braved hardship and great risks to come here. and why was that, mr. president? they sought freedom, they sought opportunity, they wanted a better life for their families. and today's immigrants in that same spirit continue to brave great risks and hardship to attain the american dream. we've heard from fellow americans who are opposed to fixing our broken system, those who, unfortunately, see immigrants as a burden on our country or who want t
and if you look at our economy, our economy which is beginning to gain strength, the economy is beginning to get its legs under it, it, too, needs the labor market certainly that would come from immigration reform. so let's seize this opportunity, mr. president, to pass commonsense legislation that our constituents expect. mr. president, i'm looking right over the dais and on -- above the dais i see e pluribus unum. out of many, one. that's a simple motto, it's engraved in this great senate...
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Jun 18, 2013
06/13
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FBC
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the economy is going great guns or not great guns but it's doing fine. we're really able to pull back, wouldn't that make you change your allocation as little bit, edward? >> well, it is funny, dave. if you look at the fed fund rate, the futures, the market is already pricing in some sort of a tightening in the summer of 2014. if you look back two months, no one was even thinking about the fact that the fed would tighten. and now with the fed fund rate you're starting to see some tightening being priced into the market. i think a lot of heavy lifting and the fact the yields on bonds backed up 50 basis points already in six weeks, a lot of the expectations of this taper having already been priced in. that's why i think a lot of this fear is somewhat misguided. liz: let's go back to larry because we know the pits, i was joking with doreen mogavera at the new york stock exchange, are you going to put on your football pads for all the action tomorrow. but what is it you expect? if we know there is not any move and they will not tighten rates for sure, 99.9%
the economy is going great guns or not great guns but it's doing fine. we're really able to pull back, wouldn't that make you change your allocation as little bit, edward? >> well, it is funny, dave. if you look at the fed fund rate, the futures, the market is already pricing in some sort of a tightening in the summer of 2014. if you look back two months, no one was even thinking about the fact that the fed would tighten. and now with the fed fund rate you're starting to see some...
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Jun 16, 2013
06/13
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the economy is not as strong as it needs to be. we need to get the kind of growth in job creation and wage increases that we have not been seeing, and i think that is making a case. code has been layered upon layer of change, and it is time to look at it again, and that's what we are trying to do. >> let me do a little bit of timekeeping here and tell you where we are going next. we are going to kim dixon next. a gentleman here whose name i'm blanking on -- having a senior moment, i'm sorry. that should take care of us. >> [inaudible] can you be a little more specific? >> my style -- to work with my committee. these sessions, these options are bipartisan, members-only, and they are terrific. we are working together. one advantage to know major reform since 1986 is a lot of senators need to learn a lot more about the code, what is in it, and that is an advantage. the senators mutually asked lots of questions of staff at these meetings. it brings us together. we are talking together and a -- and a non-adversarial manner -- in a non-a
the economy is not as strong as it needs to be. we need to get the kind of growth in job creation and wage increases that we have not been seeing, and i think that is making a case. code has been layered upon layer of change, and it is time to look at it again, and that's what we are trying to do. >> let me do a little bit of timekeeping here and tell you where we are going next. we are going to kim dixon next. a gentleman here whose name i'm blanking on -- having a senior moment, i'm...
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Jun 22, 2013
06/13
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applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too many federal agencies carrying out too many agged the d.a.s. third, be a visionary. you have seen firsthand the power of the internet. there's no debate where our current telecommunication laws if they were written in 1992, 1996, or 1934, where consumers can choose from multiple wire lines. none of them did. in fact, all of our laws deserve to be reviewed and brought into our era, reflecting not just today's reality but a allowing for today's advances. i invite you to share your ideas reguaranteing statutory modernization. i know many members have
applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too...
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Jun 21, 2013
06/13
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KQEH
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if the economy is improving what are the economic sensitive things to do better? diversified companies and consumer discretionary stocks like housing and auto and media. if we're right that the economy starts to pick up in the second half of this year and into next, then those stocks are cheap and ought to do well. >> how alarmed were you by that chinese manufacturering number that came out overnight? it kneecaped the commodities space and some of the stocks, as well. is this what you would see as the beginning of a long-term slowing in emerging markets and in china? >> there is $64,000 question. we've been emerging for the last several quarters. the pmi number in china overnight was an ink mental data point that concerns investors. we would like to see the chinese government to come out with fiscal and monetary initiatives that would restimulate growth into the start of next year but at this point it's like waiting for gudel. we're watching the economy slow down in china where maybe 7.5 to 8% run rate this year. we would like to see that number stabilize there, m
if the economy is improving what are the economic sensitive things to do better? diversified companies and consumer discretionary stocks like housing and auto and media. if we're right that the economy starts to pick up in the second half of this year and into next, then those stocks are cheap and ought to do well. >> how alarmed were you by that chinese manufacturering number that came out overnight? it kneecaped the commodities space and some of the stocks, as well. is this what you...
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Jun 16, 2013
06/13
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it is about economy. that's the political argument he was making. when you put it in context, you see that that's what it's all about. he is framing the immigration debate in an economic perspective. >> i'll tell you how it is going to change things, don. i'm from texas which we all know has gone republican for i think since lbj. jeb bush is actually the won who said that the changing make-up of this country, that we are becoming a browner country, texas has actually become a blue state he said if republicans didn't get their immigration reform act together. that's how it is changing this country. we are seeing swing states in play that used to not be in play because of the number of immigrants coming to this country. so it is changing our country. the fastest growing group is multi-racial americans. i am hoping one day we'll all be so mixed up a lot of this nonsense we are always arguing about in terms of race is kind of a moot point. >> anna -- >> don, just one last point. for all the people watching the three of us on tv right now, we just got on
it is about economy. that's the political argument he was making. when you put it in context, you see that that's what it's all about. he is framing the immigration debate in an economic perspective. >> i'll tell you how it is going to change things, don. i'm from texas which we all know has gone republican for i think since lbj. jeb bush is actually the won who said that the changing make-up of this country, that we are becoming a browner country, texas has actually become a blue state...
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Jun 19, 2013
06/13
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but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of a presidential order. mike emanuel tells us some people want to turn the tables on the tax man. >> reporter: on the west lawn of the capitol, more than a thousand tea party supporters and allies in congress called for the irs to be audited after conservative groups seeking tax exempt status received extra scrutiny. >> for targets of the irs, time to reverse it and target the irs. we're going to do it by dismantling the irs piece by piece. we are going to throw it overboard like a box of british tea. >> reporter: lois lerner, the irs official on paid leave after refusing to resign took heat for her role in targ
but chairman bernanke made it clear the fed could change its plans if the economy suffers any setbacks. home buyers might not like today's fed news, but for savers that suffered with low rates the last couple years, it could come as welcome relief. chris? >> thank you, peter. >>> there was plenty for the tea party to be mad at today. more than a thousand tea partiers gathered outside washington. a republican senator said the irs is set to pay $70 million in bonuses in defiance of...
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Jun 20, 2013
06/13
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MSNBCW
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last year brazil became the sixth largest economy in the world. but income and equality is a huge issue. about one in five people live below the poverty line. demonstrators are protesting in part against billions of dollars being funneled not into education or health care or other basic needs for the population, but into big spectacular events. into stadiums and if a sill advertise being built for brazil to host the world cup and the summer olympics. the cost to host the world cup is estimated to top $13 billion. the protests today around the stadi stadium, this is brazil today a supposed day off from the protests. these have been incredibly dramatic. incredibly big protests. the main organizers say tomorrow is not the day off it will be the day to watch for when everybody should be expected to hit the streets. it's going to be a big news story tomorrow. watch it here. migraines mean powerful pain, and when you have a migraine bayer migraine formula, means powerful relief. its triple action formula targets migraines for relief of the tough pain, a
last year brazil became the sixth largest economy in the world. but income and equality is a huge issue. about one in five people live below the poverty line. demonstrators are protesting in part against billions of dollars being funneled not into education or health care or other basic needs for the population, but into big spectacular events. into stadiums and if a sill advertise being built for brazil to host the world cup and the summer olympics. the cost to host the world cup is estimated...
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Jun 18, 2013
06/13
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FBC
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gerri: i have to tell you i look at this economy. delicate this economy and think, boy, we have pundit percent@ gdp growth, 7% plus jobs unemployment rate. liz and saunders told a shootout we would n have that diedown in the middle of the year like we have in the past twoo three years. what do you say? >> theyre exactly right. this is where we have seen a massive disconnect between market's fundamentals and the pricing. th s&pontinues to motor hire an durable goods continuedo fade. consumeronfidence has continued to fade. so we don't see even last week's induutrial production numbers implying for first half of the ar basically in the second quarr flat. you adjusted for realorld inflation, the reflectionumber would be negative and very uy. that does not help gdp figures. gerri: wow >> they' not in a position to taper. they're not in a position to pull back i think what you see -- gerri: we may g it. to you. i feel like the economy should be stronger. need more growth. how do you play this? >> well, that is the interesting ing. but i a
gerri: i have to tell you i look at this economy. delicate this economy and think, boy, we have pundit percent@ gdp growth, 7% plus jobs unemployment rate. liz and saunders told a shootout we would n have that diedown in the middle of the year like we have in the past twoo three years. what do you say? >> theyre exactly right. this is where we have seen a massive disconnect between market's fundamentals and the pricing. th s&pontinues to motor hire an durable goods continuedo fade....
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Jun 18, 2013
06/13
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FBC
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the economy's not what we're thinking here? >> the apartment story is people move out of their parents' houses, move into apartments, stepping into the living independently life, home buyers that are representing or buy, and people want more space. vacancy level apartments is less than 5%. you can see that in forever. cheryl: that is an astonishing number. you look at regions, and i want to get to this because of the south led the way of 17%. was that on the commercial real estate side or residential side? >> commercial real estate. florida's back. listen, we have have an added supply in forever in apartments in hotels, and wear houses and retail so real estate's back, the demand's there, and the interesting thing is while interest rates are growing that could chill the market, if they go up because the fed decides to taper or reverse course it's because the economy is strong, and when that's strong, it's great to rent. >> you say it's strong, and that's an alternative investment, kind of out of the will house a bit, but we kee
the economy's not what we're thinking here? >> the apartment story is people move out of their parents' houses, move into apartments, stepping into the living independently life, home buyers that are representing or buy, and people want more space. vacancy level apartments is less than 5%. you can see that in forever. cheryl: that is an astonishing number. you look at regions, and i want to get to this because of the south led the way of 17%. was that on the commercial real estate side or...
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Jun 17, 2013
06/13
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>> on the economy of jobs. he's within the margin of error and that's the encouragement here, that this isn't some devastating dive that's unrecoverable. i think mark's point about the clump of scandal coverage is certainly something that would have an impact. and to your point that voters look around and say, well, nothing's getting done in washington and does obama bear some blame for that? >> one of the things that's interesting is he has a huge drop among young voters, down 17 points in the last month among people under 30. one thing he's done that people disagree with also even more is on syria, 70% of americans oppose sending arms to the syrian rebels, according to the pew poll conductsed before the announcement on chemical weapons. this is exactly what president clinton in that, quote unquote private meeting said don't worry about the polls, just do what's right. >> as the one member of this panel who doesn't look at trend lines, i guess, i feel i need to speak for the nontrend line viewers. >> we apprec
>> on the economy of jobs. he's within the margin of error and that's the encouragement here, that this isn't some devastating dive that's unrecoverable. i think mark's point about the clump of scandal coverage is certainly something that would have an impact. and to your point that voters look around and say, well, nothing's getting done in washington and does obama bear some blame for that? >> one of the things that's interesting is he has a huge drop among young voters, down 17...